Professional Diversity Network, Inc. (NASDAQ:IPDN) Short Interest Down 87.0% in March

Professional Diversity Network, Inc. (NASDAQ:IPDN) saw a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 17,300 shares, a drop of 87.0% from the February 28th total of 133,200 shares. Approximately 1.7% of the shares of the company are short sold. Based on an average trading volume of 40,500 shares, the days-to-cover ratio is currently 0.4 days.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Professional Diversity Network in a report on Friday, March 21st. They set a “sell” rating on the stock.

Professional Diversity Network Stock Up 2.2 %

IPDN traded up $0.06 on Thursday, hitting $2.57. The company’s stock had a trading volume of 557 shares, compared to its average volume of 18,234. Professional Diversity Network has a 12 month low of $1.76 and a 12 month high of $21.70. The firm has a market cap of $4.96 million, a P/E ratio of -12.82 and a beta of 11.22. The company’s 50 day simple moving average is $3.29 and its 200-day simple moving average is $5.38.

About Professional Diversity Network

Professional Diversity Network, Inc operates online professional networking communities with career resources in the United States. It operates through three segments: Professional Diversity Network (PDN Network), National Association of Professional Women (NAPW Network), and RemoteMore USA (RemoteMore).